At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

Also at 8:30 AM, Durable Goods Orders for January from the Census Bureau. The consensus is for a 4.0% decrease in durable goods orders.

At 10:00 AM, Pending Home Sales Index for January. The consensus is for a 3.0% increase in the index.

Also at 10:00 AM, Repeat to House: Fed Chairman Ben Bernankewill deliver the "Semiannual Monetary Policy Report to the Congress", Before the Committee on Financial Services, U.S. House of Representatives